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Driving the Future of Blockchains: A Four-Part Series

The future of autonomous driving is no longer a theoretical point in the distance. It’s here.

The car, which was for so long simply the sum of its parts — a combustion engine, chassis, wheels — has become so much more. It can now be thought of as limitless points of data, collected by the automobile itself, fed through onboard computers and external devices, making the act of driving more efficient, safer and a whole new experience entirely.

And none of this would be possible without the advent of blockchain technology. With distributed ledgers enabling the collection, storage and interpretation of a new avalanche of data, they will be an indispensable tool in the future of automobiles.

A few pioneers have been leading this charge. There are automakers like Tesla, which have changed the way we think about our cars and reintroduced them as super computers that get us from point a to point b. There are traditional companies in the space like Toyota that, through its Toyota Research Institute, are reexamining the data their products can collect. And there are companies like Gem, which are taking their expertise in the blockchain technology space and tailoring applications for the automotive and insurance industries.

Distributed’s four-part “Driving the Future of Blockchains” series, to be presented here in the coming weeks, will take a deep dive into the present and future of blockchain disruption for the automobile industry. Stay tuned to this space for more.

The “Driving the Future of Blockchains” series is presented by Gem, a sponsor of Distributed.com.

2019 Investments in Crypto and Blockchain Startups at $850 Million

Source: Reuters

According to data compiled by Pitchbook for Reuters, venture capital investment in crypto and blockchain startups has reached $850 million so far this year.

EEA Launches 'Token Taxonomy Initiative'

The Enterprise Ethereum Alliance has announced a "Token Taxonomy Initiative" to develop universal definitions for tokens to encourage their interchangeability across blockchain platforms. Members of the initiative include Microsoft, R3, ConsenSys, IBM, EY, Accenture and Intel.

Gemini Adds Support for SegWit

Source: Gemini

Gemini Trust, a New York-based cryptocurrency exchange, has announced support for Segregated Witness (SegWit) addresses and transaction batching. As a result, customers can now use SegWit addresses for bitcoin deposits and withdrawals, ideally improving processing times and lowering bitcoin withdrawal fees.

Nestlé and Carrefour to Share Product Data With Consumers Via Blockchain

Source: Nestlé

Food producer Nestlé and retailer Carrefour will equip the packaging of a French instant mashed potato product with a QR code that provides blockchain-based data about its origins to consumers. The pilot was developed in conjunction with IBM Food Trust.